Racetrac Petroleum Company Description
RaceTrac Petroleum hopes it's a popular pit stop for gasoline and snacks in the Southeast. The company owns more than 525 gas stations and convenience stores in about a dozen states under the RaceTrac and RaceWay names. (RaceWay stores are operated by independent contractors.) The chain plans to grow by adding between 35 and 45 new locations annually. Carl Bolch founded RaceTrac in Missouri in 1934. His son, chairman and CEO Carl Bolch Jr., moved the company into high-volume gas stations with long, self-service islands that can serve as many as two dozen vehicles at one time. RaceTrac's convenience stores sell fresh deli food and offer some fast-food fare. The Bolch family owns the company.
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The Company Description provides a historical perspective of Racetrac Petroleum's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Racetrac Petroleum's evolution in the marketplace.
